We have advised Pamark and its owners on the sale of the company to UK-listed Bunzl Plc, the largest value-added distributor in the world within its market sectors. Finland represents the 33rd country in which Bunzl operates.
In 2022 the Clearwater team had advised Pamark and its owners on the sale of the company to OptiGroup. However, the transaction was unexpectedly blocked by the Finnish Consumer and Competition Authority in August 2023. The team continued in its advisory role and the transaction with Bunzl was signed in January 2024 and closed on the 29th of February, 2024.
Pamark adds value to its customers by providing a wide range of consumables, devices, and related services that are essential for its customers to run their businesses successfully. The company works for customers within various resilient and growing segments, such as healthcare, cleaning & hygiene, and HoReCa. Pamark's customers are from both the public and private sectors. Through its sourcing, Pamark can create a large, positive impact on its customers’ operations by offering competitive prices and advising on the transition towards using more sustainable consumables. Pamark was created through a merger between MedKit and Pamark in 2021, and it has sales of close to €60m.
Bunzl is a UK-based international company with a focused compounder strategy. During the last 20 years, Bunzl has acquired over 200 companies around the world. Bunzl has a topline of approximately £12bn, close to £1bn in adjusted operating profit, and around 24,500 employees. Bunzl ‘s shares are listed on the London Stock Exchange and it has a market capitalisation of about £10bn.
